ARBY’S 1135 Commercial Way, Spring Hill, FL 33578
Cap Rate 5.15%
Price Per SF $687
Leasable Area 2,403 SF
Term Remaining ±20 YRS
Year Built 2019
Broker of Record
License No. CQ1052263 (FL)
Matthews Retail Group, Inc.
841 Apollo Street. Suite 150, El Segundo, CA 90245
- Brand new prototype store scheduled to be completed in 2019.
- Absolute NNN ground lease with zero landlord responsibilities.
- New 20-year lease with annual rent increases
- Strong projected store sales, expected rent-to-sales below 6%
- One of the largest Arby’s operators in the country
- The tenant has exclusivity throughout the Tampa MSA
- Great operator with increasing store sales and EBITDA year over year
- Ideal location along major thoroughfare with over 40,000 vehicles per day
- Great retail synergy with lots of new development and anchored by Walmart Supercenter and Publix
- Population is booming strong growth in the last decade and 10% growth expected in the next 5 years
- Affluent Tampa suburb with average household income above $80,000 in the 5-mile radius
- Tampa is one of the largest metropolitan areas and there is strong projected growth